Less than one in five employees say that their employer supports their physical and mental health. And, many are left feeling burned out from workplace cultures that don’t support, sustain, or restore their own well-being. Without improving workplace well-being, you are at risk for higher turnover, lower productivity and an unhealthy, unresilient workforce. Now more than ever, you need to put your employees first with a holistic approach to well-being.
A panel from Virgin Pulse recently shared their thoughts on employee well-being predictions for the coming year.
Prediction #1: “In 2022, organizations that provide better experiences for their employees will ultimately lower overall costs associated with turnover and productivity obstacles due to current challenges both inside and outside the workplace.” -Chris Michalak, CEO at Virgin Pulse
A component of providing better experiences for employees is making employee well-being a priority. It is imperative to have a comprehensive set of well-being programs that address the needs of your workforce. These programs should meet employees where they are and provide the tools and resources that are necessary to maximize employee engagement and contribution.
Prediction #2: “With social determinants of health (SDOH) emerging as an increasingly critical factor to care, employers will prioritize and invest in strategies and technologies to screen, identify and support those employees most impacted by different SDOH factors with targeted interventions.” -Kate Schlag, RD, Head Registered Dietitian, Foodsmart VP+ Partner
Social determinants of health impact people’s health, well-being, and quality of life differently. If you want your employees to get the most out of the benefits you are offering, you need to address their SDOH by providing them with individualized, personal support.
Prediction #3: “More and more companies are beginning to see justice, equity, diversity and inclusion as foundational to the business and people strategy. As we become increasingly borderless, we must find ways to leverage our differences that benefit the collective, so everyone feels empowered to be their best selves.” -Marlette Jackson, PhD, Global Director of Justice, Equity, Diversity and Inclusion at Virgin Pulse
Employees who feel included are 28 percent more engaged at work, have 19 percent greater well-being, and typically intend to stay with their company 3x longer. When employees have a feeling of belonging and sense of purpose in their work, it sustains their engagement.
Prediction #4: “The ‘Great Resignation’ is sending shockwaves through the workforces of almost every corporation. Employees’ financial stress has increased since the start of the pandemic, and the shedding of jobs in the healthcare, childcare, and service industries has only complicated their personal and financial lives.” -Sam Evans, VP Business Development, Enrich VP+ partner
It has never been easier to quit. Make it easier to stay. You can help stabilize your employees by:
See all the predictions from the Virgin Pulse panel here.
With WorkLife, employers can improve their employees’ mental, emotional, and financial well-being.
Our Resource Navigators can support your employees with things like:
Additionally, WorkLife Partnership is here to help you address employee well-being issues by:
If you’d like to learn more about how WorkLife can support you in helping your employees, don’t hesitate to contact us.